Doug Mataconis wrote a fantastic post today on “Getting Worse Before It Gets Better”
Here’s ONLY a quick extract
Getting Worse Before It Gets Better
It’s becoming fairly clear that the $ 700 billion bailout hasn’t done much to cure the problems in the financial systems: The financial system, which had recently shown glimmers of improvement, is unraveling again. After a few weeks in which credit started flowing more freely through ban…
Read the full post from Below The Beltway
Tags: Economics, sub-prime mortgage crisis, credit crisis
via Blogdigger blog search for mortgages.

To view the rest of this excellent post, you MUST go here